Sponsored by Jpmorgan chase

Wells Fargo

Wells Fargo Enters Prime Brokerage World With Merlin Acquisition

Wells Fargo & Co. (NYSE: WFC) annouced Friday the acquisition of prime broker Merlin Securities LLC for an undisclosed amount. The move is the bank's first move into prime brokerage services, which provides clients such as hedge fund managers to records-handling and trade-clearing services.